Advanced Payroll Course Updated at Knowledge Bureau

A tax-efficient payroll is one that ensures employees pay only the correct amount of tax and no more with every paycheque. Bookkeepers and payroll departments that offer employees the opportunity to integrate tax efficiencies provide a valuable service that can lead not only to higher take-home pay, but higher family savings rates, too.

On the other hand, if the technical side of payroll is done incorrectly, it can cost both the employer and the employee money and thwart savings opportunities, not to mention incur penalties with the Canada Revenue Agency.

Knowledge Bureau’s recently updated Advanced Payroll course – one of the courses in the Bookkeeping Services Specialist designation — will help you become a more astute compliance manager to ensure payroll is more than simply accurate, but tax efficient, too.

It should go without saying that bookkeepers must be able to produce an accurate payroll on time, every time. However, this course takes the student further, teaching completion of a full payroll cycle, TD1/T1213 form completion, accounting for statutory and non-statutory deductions, taxable and non-taxable perks and benefits, T4 slip preparation, all using student versions of professional software: Sage 50 and QuickBooks.

New updates in the course include access to excellent reference materials from CRA and EverGreen Explanatory Notes, which helps you to stay on top of budget changes. Updates include changes to legislation, rates used in payroll calculations, and changes to CRA forms.

Students will gain an understanding of compliance requirements, both federally and under provincial Employment Standards Codes in their area of operation. They will learn to account for a variety of compensation plans, including hourly wages, salary, commissions, piecework, bonuses, retroactive payments, and vacation pay. Also covered are differences in pay structure for workplaces governed by a union, and more.

For more information about Knowledge Bureau’s recently updated Advanced Payroll course, click here.   For a free trial please register here.

What Our Students Say:

“I feel like I can confidently provide payroll services to clients.” Ashley Ross  (Richmond, BC)

“I like that the material covered different aspects of payroll from The Payroll Cycle to Year-End Reporting. I also like Evergreen as a research tool in all the courses as it gives in depth knowledge at your fingertips.” Alan P. (ON)

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